The major growth driver of Smart Machines Market includes increasing investment in enterprise market, growing demand for automation, and growing government initiatives among others.
Hence the market for Smart Machines Market is expected to grow at high CAGR (2016-2022).
However, lack of technical expertise is one of the major factors which are hindering the growth of Smart Machines Market.
The global smart machines market is growing with the rapid pace is mainly due to increasing popularity of next generation IT Infrastructure and high adoption of artificial intelligence among companies, which is propelling the smart machines market growth to the large extent. According to a recent study report published by the Market Research Future, the global market of smart machines is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
Some of the major players in Global Smart Machines Market include Apple Inc.(U.S.), Google Inc.(U.S.), IBM Corporation (U.S.), LG Electronics (South Korea), BAE Systems (U.K.), Microsoft Corporation (U.S.), Digital Reasoning Systems, Inc.(U.S.), ABB Limited (Switzerland), and General Electric Co. (U.S.) among others.
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Regional Analysis of Smart Machines Market:
Asia Pacific is dominating the global Smart Machines market with the largest market share due to due to the increasing manufacture of smart machines in emerging countries such as India, China, Brazil and others, which is propelling the market growth in this region and is expected to grow over its previous growth records by 2023. Smart Machines market in North America market is expected to grow at a substantial CAGR during 2017 to 2023 due to increasing investment in enterprise market, growing demand for automation, and growing government. The European market for Smart Machines market is expected to grow at a considerable CAGR (2017-2023).
Global Smart Machines Market can be segmented as follows:
Segmentation by Types: expert system, autonomous robots, digital assistance and embedded systems among others.
Segmentation by Application: consumer electronics, healthcare, automotive, logistics, and aerospace & defense among others.
General Electric co. has announced in July 2016 about the partnership with Huawei technologies to grow IOT business in China and to develop smart machines together.
LG electronics has announced in year 2015 about its new development “SmartThinQ”. The SmartThinQ hub provides two-way communication between home and gateways for smart sensors and smart appliances.
- North America
- Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa:
The report for Smart Machines market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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